Remove 2013 Remove Online Remove Retail Remove social media
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The Facebook Files: Royal Bank of Canada, Facebook Differ On Why Bank Had Continuing Data Access

Bank Innovation

Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so. RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […].

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Thoughts Of Holiday Retail Cheer Tempered By Memories Of Failure

PYMNTS

It’s the big stage for retailers, the holiday shopping season – when all the consumer world is watching (and, merchants and payments providers hope, buying more than they did last year). And let these bad memories of holidays past guide you in the coming weeks to ensure that your retail and payments machine is running in top condition.

Retail 129
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Robinhood Faces Another Service Interruption Due To Technical Issue

PYMNTS

The company noted in a separate tweet that its systems had been completely brought back online and its web platforms were working. “We Robinhood was at the heart of a recent increase in day trading, with retail investors stuck in their residences because of pandemic restrictions. The app was up in under an hour.

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Local Retailers, Surviving or Dying in Retail’s Evolution?

PYMNTS

At the basic level of retail industry chatter online, much of the focus is on the battle between brick-and-mortar versus eCommerce. Retailers at the local city level are seeing an impact under the digital transformation of the industry and should not be left out of the conversation.

Retail 108
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. These companies are also not allowed to advertise on digital platforms, such as social media or search engines, Rogers said.

Retail 109
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Kering To Debut Its Own eCommerce Sites

PYMNTS

The move means that the company will end its JV that has been in place since 2013 with Yoox Net-A-Porter, which as the newswire stated helps third-party brands develop sites. By 2020, Kering will bring full control of its luxury brands online through its own internal activities, which include building tech teams, said Reuters.

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China’s ‘Little Red Book’ Seeks $200M Investment

PYMNTS

It also created an Instagram-like social media platform through which celebrities can recommend products. competes with large eCommerce retailers such as Alibaba Group Holding Ltd. Another fashion retailer focused on women, Meilishuo , is reportedly eyeing an U.S. Xiaohongshu, which is backed by Tencent Holdings Ltd.